Keybot the Quant remains short as the Tuesday session reverses the Monday joy in stocks. Keybot does not print any numbers yet today but the algo is tracking financials as the key parameter determining broad market direction. Watch the XLF 23.84 bull-bear line in the sand like a hawk. Stocks may drop into free fall if XLF 23.84 fails, at the least another strong down leg will occur. Bulls can continue to set the stage for a recover if they hold the XLF 23.84 support.
XLF is at ....... wait for it........ 23.84. Bounce or die. SPX is at 2127. XLF 21.84 is telling the market story as this is typed.
9/18/16;
7:00 PM EST =
9/16/16;
10:00 AM EST =
9/12/16; 9:36 AM EST
= +20; signal line is +52
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